19th April 2014
OVERCOMING A SLOW SALE Houses that take an extended period of time to sell are frequently overpriced, but there can be other reasons, such as unusual design features that may deter more conservative buyers.
Yarraville
The old real estate motto that, “there’s a buyer for every property,” remains true, but the owner of a slow selling property may have to weigh up whether it’s best to wait for that elusive buyer or lower the price to attract a greater range of potential buyers.
Williamstown 1/66 Douglas Parade (Corner Stevedore Street) 9393 1600
Choosing an effective marketing campaign is more important when selling an unusual property. This might include special advertising focusing on the properties unique features, such as development potential, proximity to shops, schools and public transport. And sometimes it can be better to auction a property that is unusual, because setting an appropriate price is more difficult and an auction might best determine the market price.
104 Somerville Road 9316 9000
www.jasstephens.com.au
Launching into a major renovation or remodelling the property to appeal to a larger section of the real estate market is one way to ensure a reasonable sale time, however this is an extreme measure to undertake and cannot always guarantee a complete return on your investment. A less dramatic makeover may be enough to stimulate interest, however, seeking professional advice is certainly worth the time and effort. People planning on building new homes with unconventional features or fashionable innovations should keep in mind the possible effect this will have on a property’s re-sale value. Most homebuyers are conservative in their tastes so unique design features should be considered carefully. Craig J. Stephens Managing Director / Officer in Effective Control M 0418 547 938
As a service to our vendors, we will require names & phone numbers on entry of all inspections. Privacy Act 2000: We use personal information collected from you during open for inspections for security purposes. We may also use that information to contact you with respect to this property and others we believe may be of interest to you. Also, we may contact you in relation to other services provided by us or our associates such as insurance, mortgages and loans. By providing your information to us you agree to our use of it as described above unless you advise us differently. If the information is not provided we may not be able to provide an effective and comprehensive service to you. (Your personal information will be collected and held in accordance with provisions of the Information Privacy Act 2000). We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. We strongly recommend that you clearly register your interest with our representative at the open for inspection, so that in the event of a sale being imminent, your position is protected. We make every effort to contact all interested parties prior to a property being sold.
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